Posted May 12th, 2012
by George Lewis
Corn and soybean farmers, especially, have been enjoying this type of arrangement for their crops for many years, and the latest is showing that this might improve.
Congress currently has a farm bill before it, which includes a provision that will likely come with an annual cost of approximately $3 billion, that would help farmers to cover the losses they incur ahead of the coverage of their own policy coverage.
Those losses include termed deductibles, which could cost a mid-sized farm tens of thousands of dollars.
Those supporting the bill are saying that it will save a significant amount of money in the long run, as it would be a replacement of a current subsidy program which currently costs an annual $5 billion.
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Tags: Crop, Crop Insurance Posted in Insurance News
Posted May 7th, 2012
by George Lewis
Here is the conundrum regarding life insurance; when you’re young and healthy you don’t think about it, and that’s when it’s most affordable. By the time you are older, wiser, and have more significant financial responsibility, the premiums become more expensive. So what’s the solution? To buy life insurance when you are young and healthy, of course.
Buying Life Insurance When You’re Young and Healthy Saves Money!
Life insurance premiums are based on several factors.
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Tags: Healthy, Life Insurance Posted in Insurance News
Posted April 18th, 2012
by George Lewis
Rustling through your glove compartment to find a proof-of-insurance card could become a thing of the past.
A growing number of states are considering laws to let drivers show proof of car insurance with smartphones when registering cars or when pulled over at a traffic stop.
Thats great news for anybody whos suffered the embarrassment of searching for an insurance card amid fast-food wrappers, repair receipts and other odds and ends while a not-so-patient police officer watches.
Car insurance companies are all for it, too.
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Tags: Insurance, Insurance Prove Posted in Insurance News
Posted April 7th, 2012
by George Lewis
Auto gap insurance, also sometimes known as “totaled insurance” is a form of vehicle coverage that protects the loan amount of your car, SUV, van, or truck, in the case that it should be totaled, so that you will be sure to receive its actual cash value in order to replace it.
This form of coverage is virtually always required when a new car is being purchased, as the value of that vehicle depreciates starting the moment that it is driven out of the dealership. Many leased vehicles also require this coverage, as there is typically a discrepancy between the amount that is still owed on the car and the actual amount that would be paid by an insurance company if that vehicle is totaled. Tha
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Tags: Auto Gap, Auto Gap Insurance, Gap Insurance, Insurance Posted in Insurance News
Posted April 4th, 2012
by George Lewis
If you’re young and in the prime of your life, it’s tempting to ignore the need for life insurance. However, life insurance is an important part of financial planning that can protect the ones closest to you should anything happen to you.
Life insurance can:
- Protect beneficiaries’ quality of life / standard of living in the event they are hit with unanticipated expenses associated with the loss of a loved one.
- Cover outstanding debts.
- Cover college tuition, a mortgage, and/or daily living expenses.
- Cover funeral and burial expenses.
Fortunately for young families, life insurance doesn’t have to be a big expense, nor does it have to be a hassle to buy. You can Read more…
Tags: Insurance, Life Insurance Posted in Insurance News
Posted March 14th, 2012
by George Lewis
According to the results of the most recent Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), the prices for commercial insurance increased by a total of 3 percent throughout the final quarter last year, which completed a year in which every quarter saw rising prices for all lines of standard commercial products.
Furthermore, according to the report by the global professional services company, earned price increases are starting to compensate for the portions of the reported claim cost inflation levels.
Data from CLIPS showed that, yet again, the commercial property and workers’ compensation prices have demonstrated the largest quarterly hikes – within the mid- to high-range of the single digits – and that general/products liability followed close behind.
Though there had been a flat pricing through every quarter of 2010, 2011 showed an increasing trend throughout every quarter for workers’ compensation pricing. Commerc
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Tags: Commercial Insurance, Insurance, Towers Watson Posted in Insurance News